Jindal Saw Limited — quarter and year ended 31 March 2026
| S. No. | Particulars | Quarter ended 31.03.2026 Refer note 8 | Quarter ended 31.12.2025 Unaudited | Quarter ended 31.03.2025 Refer note 8 | Year ended 31.03.2026 Audited | Year ended 31.03.2025 Audited |
|---|---|---|---|---|---|---|
| 31.03.2026 Refer note 8 | 31.12.2025 Unaudited | 31.03.2025 Refer note 8 | 31.03.2026 Audited | 31.03.2025 Audited | ||
| I | Income | |||||
| Revenue from operations | 3,818.44 | 4,129.47 | 4,401.10 | 14,620.13 | 17,936.16 | |
| Other income | 33.26 | 27.49 | 48.36 | 124.40 | 241.54 | |
| Total income (I) | 3,851.70 | 4,156.96 | 4,449.46 | 14,744.53 | 18,177.70 | |
| II | Expenses | |||||
| Cost of materials consumed | 2,285.60 | 2,101.90 | 2,586.56 | 9,153.88 | 10,316.67 | |
| Purchases of stock-in-trade | – | – | – | – | – | |
| Changes in inventories of finished goods, work-in-progress and scrap | 7.50 | 433.84 | 54.46 | (543.33) | 107.99 | |
| Employee benefits expense | 295.44 | 303.74 | 300.00 | 1,229.76 | 1,191.06 | |
| Finance costs | 127.30 | 103.49 | 99.14 | 470.15 | 488.35 | |
| Depreciation and amortisation expense | 129.47 | 121.63 | 121.89 | 494.44 | 479.49 | |
| Other expenses | 850.10 | 790.42 | 652.10 | 3,069.67 | 3,106.22 | |
| Total expenses (II) | 3,695.41 | 3,855.02 | 3,814.15 | 13,874.57 | 15,689.78 | |
| III | Profit before tax (I-II) | 156.29 | 301.94 | 635.31 | 869.96 | 2,487.92 |
| IV | Tax expense (Refer note 3): | |||||
| Current tax [expense/(credit)] | 36.71 | 61.49 | 121.00 | 58.34 | 604.48 | |
| Deferred tax [expense/(credit)] | 5.60 | 13.68 | 40.06 | 27.64 | 8.97 | |
| Total tax expense (IV) | 42.31 | 75.17 | 161.06 | 85.98 | 613.45 | |
| V | Net profit after tax (III-IV) | 113.98 | 226.77 | 474.25 | 783.98 | 1,874.47 |
| VI | Other comprehensive income (OCI): | |||||
| Items that will not be reclassified to profit or loss: | ||||||
| (i) Re-measurement gain/(loss) on defined benefit plans | (3.78) | 3.14 | (4.63) | (4.97) | (8.65) | |
| (ii) Income tax effect on above item | 0.95 | (0.79) | 1.17 | 1.25 | 2.18 | |
| Total other comprehensive income for the year/period, net of tax (VI) | (2.83) | 2.35 | (3.46) | (3.72) | (6.47) | |
| VII | Total comprehensive income for the year/period (V+VI) | 111.15 | 229.12 | 470.79 | 780.26 | 1,868.00 |
| VIII | Earnings per equity share of ₹ 1 each | |||||
| (i) Basic (₹) | 1.79 | 3.56 | 7.45 | 12.30 | 29.44 | |
| (ii) Diluted (₹) | 1.78 | 3.55 | 7.43 | 12.27 | 29.35 | |
| (Not annualised) | (Not annualised) | (Not annualised) | ||||
| IX | Net worth | |||||
| (i) Paid-up equity share capital (₹ 1 per share) | 63.95 | 63.95 | 63.95 | 63.95 | 63.95 | |
| (ii) Capital Redemption Reserve | 17.10 | 17.10 | 17.10 | 17.10 | 17.10 | |
| (iii) Reserves/other equity | 12,511.68 | 12,400.23 | 11,874.10 | 12,511.68 | 11,874.10 | |
| (iv) Net worth | 12,592.73 | 12,481.28 | 11,938.05 | 12,592.73 | 11,938.05 | |
| X | Ratios: | |||||
| (i) Debt equity ratio | 0.22 | 0.27 | 0.25 | 0.22 | 0.25 | |
| (ii) Debt service coverage ratio | 14.11 | 10.75 | 6.06 | 3.49 | 2.36 | |
| (iii) Interest service coverage ratio | 3.24 | 5.09 | 8.64 | 3.90 | 7.08 | |
| (iv) Current ratio | 1.52 | 1.50 | 1.52 | 1.52 | 1.52 | |
| (v) Long term debt to working capital | 0.20 | 0.20 | 0.28 | 0.20 | 0.28 | |
| (vi) Bad debts to trade receivable ratio | 0.02 | 0.02 | 0.01 | 0.02 | 0.01 | |
| (vii) Current liability ratio | 0.77 | 0.78 | 0.77 | 0.77 | 0.77 | |
| (viii) Total debts to total assets | 0.14 | 0.17 | 0.16 | 0.14 | 0.16 | |
| (ix) Debtors turnover ^ | 5.38 | 5.76 | 5 |
| S. No. | Particulars | As at 31.03.2026 Audited | As at 31.03.2025 Audited |
|---|---|---|---|
| (1) | ASSETS | ||
| Non-current assets | |||
| (a) Property, plant and equipment | 8,231.37 | 7,683.34 | |
| (b) Capital work-in-progress | 308.46 | 543.33 | |
| (c) Right-of-use assets | 47.98 | 50.14 | |
| (d) Goodwill | 61.05 | 61.05 | |
| (e) Other intangible assets | 3.57 | 4.49 | |
| (f) Financial assets | |||
| (i) Investments | 2,339.31 | 2,090.10 | |
| (ii) Trade receivables | 2.11 | 1.86 | |
| (iii) Loans | 1.27 | 2.05 | |
| (iv) Other financial assets | 79.98 | 74.53 | |
| (g) Current tax assets (net) | 270.60 | 131.18 | |
| (h) Other non-current assets | 63.27 | 55.00 | |
| Total Non-current assets | 11,408.97 | 10,697.07 | |
| (2) | Current assets | ||
| (a) Inventories | 4,544.63 | 4,182.01 | |
| (b) Financial assets | |||
| (i) Trade receivables | 2,545.70 | 3,015.15 | |
| (ii) Cash and cash equivalents | 237.71 | 513.81 | |
| (iii) Bank balances other than (ii) above | 9.52 | 74.90 | |
| (iv) Loans | 4.13 | 5.02 | |
| (v) Other financial assets | 33.40 | 31.56 | |
| (c) Contract assets | 189.28 | 47.81 | |
| (d) Other current assets | 575.59 | 424.61 | |
| Total Current assets | 8,139.96 | 8,294.87 | |
| Total Assets | 19,548.93 | 18,991.94 | |
| (1) | EQUITY AND LIABILITIES | ||
| Equity | |||
| (a) Equity share capital | 63.95 | 63.95 | |
| (b) Other equity | 12,528.78 | 11,874.10 | |
| Total Equity | 12,592.73 | 11,938.05 | |
| (2) | Liabilities | ||
| Non-current liabilities | |||
| (a) Financial liabilities | |||
| (i) Borrowings | 531.37 | 563.05 | |
| (ii) Lease liabilities | 35.11 | 36.19 | |
| (iii) Other financial liabilities | 29.43 | 29.44 | |
| (b) Provisions | – | 4.92 | |
| (c) Deferred tax liabilities (net) | 900.86 | 874.46 | |
| (d) Other non-current liabilities | 92.73 | 96.21 | |
| Total Non-current liabilities | 1,589.50 | 1,604.27 | |
| (3) | Current liabilities | ||
| (a) Financial liabilities | |||
| (i) Borrowings | 2,186.15 | 2,443.36 | |
| (ii) Lease liabilities | 3.05 | 2.97 | |
| (iii) Trade payables | |||
| (A) total outstanding dues of micro and small enterprises; and | 55.58 | 52.74 | |
| (B) total outstanding dues of creditors other than micro and small enterprises | 2,343.38 | 2,270.67 | |
| (iv) Other financial liabilities | 135.25 | 155.77 | |
| (b) Current tax liabilities (net) | – | 31.86 | |
| (c) Provisions | 109.35 | 113.24 | |
| (d) Other current liabilities | 533.94 | 379.01 | |
| Total Current liabilities | 5,366.70 | 5,449.62 | |
| Total Equity and liabilities | 19,548.93 | 18,991.94 |
| Particulars | Year ended 31.03.2026 Audited | Year ended 31.03.2025 Audited |
|---|---|---|
| A. CASH INFLOW/(OUTFLOW) FROM OPERATING ACTIVITIES | ||
| Profit before tax | 869.96 | 2,487.92 |
| Adjustments for: | ||
| Depreciation and amortisation expense | 494.44 | 479.49 |
| Income from Government grants/export incentives | (26.91) | (19.16) |
| Finance costs | 470.00 | 486.80 |
| Loss on sale/discard of property, plant and equipment and intangible assets (net) | 7.68 | 11.80 |
| Balances written off/(written back) (net) | (9.51) | 3.88 |
| Loss allowance for trade receivables, others and advances | 8.61 | (76.10) |
| Share based payment expense | 1.96 | 6.17 |
| Effect of unrealised foreign exchange (gain)/loss | (22.55) | 25.15 |
| Unrealised (gain)/loss on derivatives (net) | 20.35 | 7.64 |
| Redemption premium on Redeemable Preference Shares | (71.60) | (63.03) |
| Redemption premium on Compulsory Convertible Debentures | – | (36.29) |
| Net (gain)/loss on fair valuation of current investments | – | 0.06 |
| Net (gain)/loss on sale of current investments | – | (0.10) |
| Loss/(gain) on sale of investment in Subsidiary | – | (0.04) |
| Interest income on loans, fixed deposits and others | (8.49) | (85.87) |
| Operating profit before working capital changes | 863.98 | 740.40 |
| 1,733.94 | 3,228.32 | |
| Changes in operating assets and liabilities: | ||
| (Increase)/decrease in inventories | (362.62) | (211.64) |
| (Increase)/decrease in trade receivables | 726.70 | (278.07) |
| (Increase)/decrease in loans, other financial assets and other assets | (223.78) | 134.47 |
| Increase/(decrease) in trade payables | 61.96 | (466.48) |
| Increase/(decrease) in other financial liabilities, provisions and other liabilities | (72.62) | 20.23 |
| 129.64 | (801.49) | |
| Cash generated from operations | 1,863.58 | 2,426.83 |
| Income taxes paid | (225.42) | (571.76) |
| Net cash inflow/(outflow) from operating activities | 1,638.16 | **1 |